This detailed review evaluates the platform’s features, trading conditions, customer service, strengths, weaknesses, and overall reliability. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
LexaTrade fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform. Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue. These reviews deserve attention along with negative ones of LexaTrade lie.
- You should also contact your bank as soon as possible and let them know about your issue.
- Install ScamAdviser on multiple devices, including those of your family and friends, to ensure everyone’s online safety.
- The collaboration of the Lexa trade company with social networks proves that the company is reliable and tries to save the trader’s money.
- Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation.
- The spread varies depending on the account type and the financial instrument being traded.
Yet, questions remain whether this regulatory affiliation is strong enough to set aside fears of losing trading funds of clients in the event of insolvency. Fortunately, IFMRRC features a Compensation Fund scheme to be observed by all its 49 regulated brokers including LexaTrade. Along with the broker’s regulatory background, this broker review will also rundown key advantages and features of LexaTrade.
LexaTrade’s offering of the MT4 comes in a web version and it is compatible with any browser. Platform includes a customization feature that comes with listing charts and shifting time ranges. Lastly, LexaTrade highlights the markets’ Reporting Season, which is the most profitable period of the year in trading. Clients are encouraged to participate in an event, and LexaTrade provides a list of the best stocks to invest in. Along with the list of tradable stocks, LexaTrade also posts stocks’ previous revenue, forecasted price, and timeframe on when to trade it.
Trading Platforms
Lexa Trade is a Forex broker that allows you to invest in various financial instruments such as stocks, currencies, commodities, and many more. If you are a beginner investor and decide to open your first account on the exchange, for a successful start, you need to find a stable and reliable investment broker. You need a partner who will help you navigate the flow of information, understand how the market works and what points to pay special attention to. While some users praise the educational tools and platform usability, these positive experiences are overshadowed by the negative feedback.
A free one is also available and this one is used by online scammers. Still, not having an SSL certificate is worse than having one, especially if you have to enter your contact details. We discovered that the domain of lexatrade owner this website has been registered several years ago. Scammers nowadays also buy old and existing websites to start their malpractice.
- Moreover these personal manager act as LexaTrade affiliates who enforce clients to deposit more on their platform.
- The website layout, colors, and overall impression are satisfactory.
- They also implement Negative Balance Protection, which prevents each client’s funds from reaching zero.
- It is therefor recommended to do your own vetting to determine if the website is trustworthy or fake.
- But most importantly, these benefits are immediately laid out for new clients.
Apparently, the pair of customer reviews clearly reflects the broker’s honest and quality trading services, contrary to some maligning customer reviews that try to dent the broker’s reputation. These clients are enough proof that ‘LexaTrade scammers’ is merely a baseless claim. The clients were not even all praises in the entirety of the broker’s services, leaving some room for improvement and giving us a clear indication that LexaTrade also has its share of flaws and setbacks.
LexaTrade: Getting Into the Meat of an Honest Broker
When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. As a relatively new broker, LexaTrade aims to build a reputation based on competitive pricing, high-quality customer service, and an intuitive user interface. However, as with all newer brokers, it’s essential to exercise caution and thoroughly assess its features and regulations. In this light, it can be said that LexaTrade is a legitimate business entity and is a regulated broker.
Complete Review lexatrade.org
The Gold account comes with the web version of MT4, while Platinum and VIP accounts give you access to the full MT4 client. Brokers required various licenses and regulators’ approval to serve investors and traders. An exchange broker works in the Forex market on behalf of and at the expense of private clients and companies.
The domain name of this website has been registered several years ago. In general, the older the website the more trustworthy it becomes. However, scammers sometimes buy existing websites and start doing their evil thing, so please make sure you check for other scammy attributes as well. After going to the LexaTrade official site, you will be able to navigate easily to different sections with information about platforms, instruments, promotions, and LexaTrade login page.
They vary in features but are all promoting convenient and secure trading. The strongest suit of LexaTrade is its quality services, which were noted multiple times by traders in LexaTrade broker reviews. The company has even developed its own platform to carry the brand and quality of services expected of LexaTrade. Now we are going to know about LexaTrade’s accounts and how they shape a world-class broker. LexaTrade offers several trading platforms to cater to different types of traders, from beginners to advanced users. The platforms are designed to be accessible, intuitive, and feature-rich.
Deposit and Withdrawal Fees:
It is registered in Saint Vincent and the Grenadines which makes no sense. At a glance, it seems amazing platform and opportunity to earn trading profit with LexaTrade experts. Spammers use this information to promote services to website owners. Our algorithm gives a high rating if the identity of the website owner is shown. If you own this website you can update your company data and manage your reviews for free. Third-party trackers on adult-oriented websites may have access to your IP address, location, and even system hardware information.
